DelShah grabs Chelsea commercial building for $26M

Real estate investment firm DelShah Capital bought a six-story commercial building in Chelsea for $26.4 million, according to property records filed with the city today.

Delshah Refinances UES Home of Petaluma

Santander Bank has provided an $11.5 million loan to Delshah Capital to refinance existing debt on the mixed-use property at 1356 First Avenue on the Upper East Side, Mortgage Observer has learned. The seven-year loan carries a rate of 4.05 percent.

Delshah Offloads 163 West 80th Street to Chinese Investors for $7.65M

Michael Shah’s Delshah Capital has sold 163 West 80th Street to Yu Far Realty, a group of Chinese investors, for $7.65 million, the company announced today.

Grade A Meatpacking: Michael Shah of DelShah Capital

After graduating first in his class from Harvard Law School in 2003, Michael Shah was seemingly destined for the very top of the legal profession.

Delshah scoops Christopher Street building for $27M

DelShah Capital has purchased 100-102 Christopher Street in the West Village for $26.75 million.

DelShah pays $27M for Village building, with eye on retail rents

Michael Shah’s DelShah Capital is paying about $27 million for a mixed-use West Village property with the idea that retail rents in the neighborhood will skyrocket.

DelShah buys Meatpacking eatery space for $8.6M

DelShah Capital purchased a mixed-use property and the corresponding air rights at 69 Gansevoort in the Meatpacking District for $8.6 million.

DelShah Capital Acquires 69 Gansevoort Street for $8.6M

DelShah Capital has closed on the $8.6 million acquisition of 69 Gansevoort Streetin the Meatpacking District, the company announced today. The deal for the 2,950-square-foot building includes 7,160 of air rights, providing for development up to 10,110 square feet.

Shah’s DelShah Capital forms lending arm

DelShah Capital, a leading buyer of distressed properties in New York City, has formed DelShah Lending, the company announced last month.

Pop Burger to vacate 58-60 9th Avenue following $18.2 Million building acquisition

DelShah Capital has acquired 58-60 Ninth Avenue in the Meatpacking District for $18.2 million, it was announced yesterday.